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Cardanobtc

Cardano-Buy/Sell SignalsBelow is a detailed trading pattern when to buy/sell Ada. Buy at the up-coming low: between October 30,2021 to November 2nd,2021 (around $1.85). Likely though on October 31st (when trading is minimal due to Halloween celebrations). Possible low sooner:10-28-2021. Sell Cardano around November 21st, 2021 (if price follows the copied yellow bars pattern from February 09th, 2021 to July 19th-condensed though). Sell around January 30, 2022 if pricing follows the light-pink bars pattern. Added is a rounding top (pink curved line) which connects the "tops" of the patterns nicely. Also added is the yellow boxes, which show condensed trading, on past patterns and also a bullish signifier for the Bollinger Bands. Another "buy" signifier would be when the relative strength index drops to/or below the 30% marker (around the expected low time-frame mentioned above). Ada could see another condensed trading period (after the breakout) around February 25, 2022 to April 7th, 2022 ($2.60-$2.30 if trading goes as expected). The low that is predicted would also touch the green rounding bottom, which follows each breakout from the condensed trading period from pervious trading patterns. *This should be seen STRICLY as a trading journal, and not any kinda of real trading advise.* related Cardano published idea linked below:
Long
by marcosdaunte
Cardano (Breakout)Cardano is making measured moves up, with the next move expected to hit the price target of: $3.60 by January 30th 2022. The relative strength index in trending down overall. Taking a copied bars pattern from: February 09th, 2021 to July 19th, 2021-purple bars (similar R.S.I patterns). Ada could reach the expected price target with a 68% increase from the current price, 94% increase if purchased at the low (around October 27th 2021 to November 3rd 2021). Cardano could see a condensed and fast rise-seen here as the yellow bars (with the price target reached sometime at the end of November early December). A general breakout following the green rounding bottom is expected.
Long
by marcosdaunte
Cardano(ADA) is going to pump after this breakout!As you saw Bitcoin did break its flag pattern (See related analysis), and goes up very good. Altcoins like ADA always are late in climbing but they climb finally! Lower wedge pattern trend line which is also a weekly channel's lower trend line is supporting price. IMO an strong breakout will happen according to technical analysis and Market situation. A 4H engulf candle above 2.33$ will cause an strong rally up to All Time High and surely upper after some side ways and corrections. Don't forget that ADA Just is heavy because of its market cap and this delay was expected. Personally I don't think that Ada break weekly support channel trend line but a fake breakout or shadow to throw out weak hands can be happen. Like and comment for more analysis like this is needed! Be Profitable.
Long
by TahaZargar
7
ADA Lags Recovery To $2.5 Despite Peers Hitting New Milestones Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside. The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls. Cardano is seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana. However, its price action continues to be sluggish compared to Ethereum and Bitcoin. Cardano Price Stuck In Wide Range Cardano spears stuck in a wide range, marked by the demand zone in green and the red area in red on the daily chart. Bulls firmly defended the support accentuated by the 100-day Simple Moving Average (SMA), a move that ensured that declines did not stretch to $1.5. The token commenced recovery together with other crypto assets on Friday but lost steam before reaching $2.5. The 50-day SMA added weight to the resistance, cutting short the uptrend eyeing $3. Meanwhile, the Moving Average Convergence Divergence (MACD) highlights a buy signal hints at the trend leaning upward. As the 12-day Exponential Moving Average (SMA) crossed above the 26-day EMA, the odds soared in favor of the bulls. The momentum calculating technical index only needs to rally above the mean line to validate action above $2.5. At the same time, the Relative Strength Index (RSI) confirms that neither buyers nor sellers have the upper hand. This trend following tool also calculates the strength of the bulls and the bears. Currently, the leveling motion implies the prevailing consolidation will last longer. The IOMAP by IntoTheBlock reveals the absence of a robust resistance with the ability to hinder bulls from achieving their goals, at least to $2.5. According to this on-chain metric, the only area of interest runs from $2.22 to $2.28. Here, the slightly more than 101,500 addresses that purchased 2.41 billion ADA will be trying to break even, thus reducing the impact of the buyers. However, if the price slices through, the run-up to $2.5 will be quick. On the downside, Cardano sits on top of robust support spanning from $2.15 to $2.21. Here, around 132,400 addresses previously bought 5.58 billion ADA. It will not be easy for bears to break this support barrier, leaving ADA safely above $2.1.
BINANCE:ADAUSDLong
by CoinGape
2
Crucial for CardanoWeekly market structure (and daily if we zoom out a bit more) is still incredibly bullish for Cardano. Shorter term price action has lead to a couple of lower highs and lower lows. We a reaching a big support zone which coïncides with the 0.5FIB level. Should we hold this level then ADA will have set a higher low and could continue its longer term bullish momentum. 21 & 50 MA crossover, along with the widening of the MACD has got me worried wether or not this trade will play out. I have set a rather cautious stop loss as my last two trades got stopped out by a few sats only to then reach my targets. Curious to see how this one unfolds. What are your thoughts on ADA/BTC?
Long
by Coinathlon
2
ADA Digs Into Crucial Support, Is The Rally Over? Cardano loses ground within the confines of a descending parallel channel. The recovery from $2 support is a daunting task for the bulls, especially with the resistance highlighted by the IOMAP metric. Cardano continues to bite into the key support at $2 amid a highly challenging recovery journey. In early September, ADA climbed above $3 and traded an all-time high at $3.1. The correction that comes into the picture has not slowed down since, forcing the recently upgraded token to stay closer to the primary support. At writing, ADA trades at $2.15 while dealing with growing selling pressure at the descending channel’s upper boundary. This pattern has been in place since Cardano retreated from $3.1. If broken, the third-largest cryptocurrency might find new lifeblood for gains toward $2.5 and later $3. Cardano Price Recovery To $3 In Jeopardy From a short-term technical perspective, it is clear that buyers are having considerable difficulty sustaining the uptrend. On the downside, the smart contract token is in danger of dropping under the demand zone in green, a move that could trigger massive losses. If support at $2 is lost, panic will grip investors while lower levels like $2 and $1 beckon. Traders must keep in mind that the Moving Average Convergence Divergence (MACD) has a bearish outlook based on its position below the mean line on the daily chart. A sell signal from early September has been sustained and continues to encourage sellers to increase their positions. The Relative Strength Index (RSI) adds credence to the ongoing downtrend. Its position below the midline emphasizes the bearish grip on ADA. Similarly, the channel’s middle boundary is a key support line that must be defended if Cardano wants to close the gap to the supply zone in red. Otherwise, the least resistance path would keep to the south. Meanwhile, data by IntoTheBlock suggests that sellers have the upper hand. The IOMAP model highlights immense resistance at $2.23 and $2.44. Cracking these zones will not be easy because investors will be trying to break even, thus reducing the effectiveness of the tail force. On the downside, Cardano is sitting on top of relatively weak support areas, which means with a slight push, the token will start exploring the levels below $2. Cardano Intraday Levels Spot rate: $2.15 Trend: Short-bearish bias Volatility: Low Support: $2 Resistance: $2.23 and $2.44
COINBASE:ADAUSDLong
by CoinGape
1